Actifit Trying To Become The Amazon Of The Fitness World

Well maybe not quite that big, yet there was an enormous announcement out of the @actifit group yesterday.

This is something that I was waiting a while for. It is starting out slowly yet I am sure this will expand quickly.

One of the biggest problems with cryptocurrency, as any of us who tried to explain it to others knows, is the question "what can I do with the token?". This is usually where many of us get tongue tied providing the best answer we can.

Actifit is starting to address this with its marketplace. This is something @mcfarhat discussed a few different times over the last few months, most recently on the air with @exyle on his radio show.

In my mind, this is really big news. Before getting into that, let's look at the site.

Go to actifit's website. Click on your profile picture in the upper right hand corner to get the drop down menu.

Clicking on the "Spend Afit" tab brings up the marketplace page. So far there are four options that the platform is starting with.

There are three personal trainers who are available for consult. The fourth one, although it is listed first, is an ebook by @theycallmedan. For those who know his story, he went through a rough time at one point in his life. He was down an out so he decided to do something about it. The journey to getting his body in shape is detailed in the book.

As a promotion, for those who bought the book and posted it in the Actifit announcement post, they would receive an upvote from his account.

The ebook is downloaded immediately. This is a pretty obvious system. What comes into question is the consults. How do we know someone will deliver what was promised?

This is how the Actifit team decided to handle it.

To guarantee our user experience, the cost of the consultation session is put in escrow for 30 days, following which the funds will be released to the trainer/nutritionist.

It is a sensible way to do it. This gives each party time to arrange the consult and to ensure the service was performed.

The full announcement can be read here:

https://steempeak.com/actifit/@actifit/actifit-daily-announcing-actifit-market-soft-launch-meet-your-trainers-android-full-upgrade-v0-6-2-830-rewarded-posts-and-other-daily-updates-1563542077031

Actifit is taking 10% of the transactions on the marketplace. This is something I agree with. As we know, it is vital for projects, especially in the early stages, to be well funded. If the team is achieving its goal of adding value to the token, it is only sensible that the token is used by them for self-funding. Over time, this could be a consistent stream of income for the team to fund expansion.

So why does this excite me so much?

To start, we live in a copycat world (in a good way). Innovation and upgrades on Steem tend to get copied by other applications. Hopefully, this is only the start of the marketplace idea with other applications deciding to follow this path.

The other reason is because this is at the core of the entire Libra discussion. Facebook has over 2 billion accounts along with its own marketplace. By adding a non-fiat token, even if it is backed by them, it takes all those transactions and removes them from the traditional financial sector. Also, people will be more apt to spend on Facebook since they are earning (I presume) tokens for their activities on there.

Thus, any transactions of this nature that take place on Steem is taking away from the present system. At some point, to truly be successful, we need to see mainstream commerce, i.e. a place for people to buy goods and services that they truly need.

Actifit could offer out exercise equipment, clothing, sneakers/trainers, and gym memberships. How would you like to replace those worn sneakers from the walking you did by buying it off the marketplace using AFIT earned from walking?

Even if you decided to use fiat, if there is a way to quickly convert some cash to AFIT (STEEM at a minimum), one might still opt to do that as a token holder. Everything we do in this manner helps out the token which is to the holder's benefit.

At this time, AFIT is not really listed anywhere. There are a few tokens available on Steem-Engine that were used in the ISO the team hosted. However, at some point, the plan is for AFIT to be either a full SE token or go the SMT route. Either way, it will be easily acquired from STEEM (or any other token on the here). In my mind, a move like this is starting to process of adding value to the entire ecosystem.

Picture for a moment the Actifit marketplace with thousands of different products and services. That certainly would be something that would add value to the entire ecosystem. Now expand that thinking to ten sites with marketplaces. 20? 100?

We recently got a token called for the creativity group. Musicians could sell their songs off that marketplace in that currency. Painters could sell their works on there.

Initially, we could have a bunch of "Etsys" established and branch on from there.

Looking at the bigger picture, this does a couple things. As I said, it takes the transactions away from the established financial sector. Each one that is conducted on here as opposed to there is another dagger in them.

On the other side, we can start doing business with individuals and smaller entities again. In the United States, we basically are living in a corporatocracy where most of our spending ends up with the mega corporations. These companies are all held by the bankers meaning we feed them on that end also.

It is another way to cut off some of their funding.

And who knows, perhaps someday we will see the "Amazon of Steem".

Things are starting to fall into place.

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